SMART Glb Hldgs: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
SMART Global Holdings (NASDAQ:SGH) reported Q3 earnings, beating estimated earnings by 65.0% with an EPS of $0.66, compared to an estimate of $0.4. However, revenue was down $79.21 million from the same period last year. The company also provided guidance for Q4 2023, expecting earnings between $0.3 and $0.6 per share.
June 29, 2023 | 8:25 pm
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SMART Global Holdings reported strong Q3 earnings, beating estimates by 65.0%. However, the company saw a significant drop in revenue compared to the same period last year.
While the company beat earnings estimates significantly, the drop in revenue could be a concern for investors. The guidance for Q4 2023 indicates a potential decrease in earnings per share, which could also impact the stock price.
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